12th Aug 2009 07:00
Press-release
Krasnodar
August 12, 2009
Krasnodar, August 12, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) announces the transfer of its securities into the Quotation list "A" level 2.
OJSC "Magnit" announces the transfer of its ordinary shares from the quotation list "B" of CJSC "MICEX Stock Exchange" to the quotation list "A" level 2 of CJSC "MICEX Stock Exchange" in accordance with amendment № 724 to the List of securities admitted to trading at CJSC "MICEX Stock Exchange" which was ratified by the decision of the CJSC "MICEX Stock Exchange" Directorate (Minutes № 123 of 07.08.2009).
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Securities market maker:
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close joint-stock company "MICEX Stock Exchange"
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Type of securities:
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ordinary nominal shares
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State registration number
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1-01-60525-R of 04.03.2004
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Amount of offered securities:
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not applicable
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For further information, please contact:
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Oleg Goncharov
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Director, Investor Relations
e-mail: [email protected]
Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100
Mob.: +7 (903) 411-40-35
Direct line for investors only: +7 (861) 277-45-62
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Dina Chistyak
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Manager, Investor Relations
e-mail: [email protected]
Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101
Mob.: +7-961-511-02-02
Direct line for investors only: +7 (861) 277-45-62
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Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of June 30, 2009 the chain consisted of 2,790 convenience stores and 18 hypermarkets in 922 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with population of less than 500,000 inhabitants. Most of its stores are located in the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of June 30, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,345 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2008, the Company posted consolidated revenue of approximately US$5,348 million and consolidated EBITDA of around US$402 million.
Related Shares:
MGNT.L